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Japan sees rays of hope for economy

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JAPANESE TREND / Japanese Society (56) / Japanese Society (58)

Taking up herewith Japanese Economoc Trend News by Media in last week.
Economic Trend in Japan will be read via these News.
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Aug 08 Job losses cast spotlight on stingy safety net (Reuters)
 The longest U.S. recession since World War Two is exposing gaping holes in the social safety net, putting hundreds of thousands of people at risk of falling through. Some 6.7 million jobs have been lost since the downturn began in December 2007, and the unemployed are at the mercy of a confusing and complicated patchwork of aid programs.
Aug 07 Japan foreign reserves $1.02 trln at end-July (Reuters)
 Japan's foreign reserves stood at $1.02 trillion at the end of July, the Ministry of Finance (MOF) said on Friday. A lawmaker in the opposition Democratic Party, which has its best chance of taking power in an Aug. 30 election, said last month Japan should study ways to boost returns on its reserves.
Aug 06 Sex shops quadruple in northern Japan (Bloomberg)
 The Bank of Japan is counting brothels in Hokkaido to help determine demand for services as the country battles its deepest post-War recession. The number of sex parlors in the Susukino red-light district in Sapporo more than quadrupled in the past 20 years, according to a central bank report published yesterday. The survey of sex shops and restaurants was designed to better gauge demand for services, an area of the economy that's becoming more important as exports slump.
Aug 06 Japan sees rays of hope for economy (AFP)
 The sun seems to be slowly rising again for Japan's economy after its darkest recession in decades as pump-priming measures by world governments breathe new life into its factories and ports. The fear is that it will be another false dawn.
Aug 06 Bank on Tokyo's regulatory approach (modbee.com)
 Regulatory authorities around the world are currently discussing ways to revise banking regulations to prevent another financial crisis. One idea is to mandate higher levels of capital reserves. But Japan's banking reform shows why a comprehensive solution would work better.
Aug 06 Jobless facing destitution as unemployment benefit period ends (Yomiuri)
 People who lost their jobs between the end of last year--when the employment situation rapidly worsened--and spring are set to lose their unemployment benefit as their eligibility period comes to an end. Many of such unemployed people formerly worked as nonregular employees, and in some cases, such people have found themselves relying on meager welfare benefits.
Aug 05 Japan Inc. continues to spend big on R&D despite the recession (BusinessWeek)
 Despite the severity of the global recession, Japanese companies have been reluctant to slash research and development budgets. Indeed, while the downturn, which led to a sharper fall in Japan's GDP than any other industrialized economy, has led to unprecedented cutbacks and a sharp rise in unemployment, R&D spending is contracting far less quickly than sales. A survey of 253 large companies by Nikkei Inc, released yesterday, found that R&D spending will likely fall 6.5% this fiscal year, compared to an 11.8% plunge in sales.
Aug 05 Japan's emission-cut efforts to cost each household 77,000 yen a year (AP)
 Japan's efforts to achieve its midterm goal of curbing greenhouse gas emissions will cost each household 77,000 yen (some $810) a year, a government panel estimate showed Wednesday. The government has been promoting the use of advanced, low-emission vehicles, solar-power generation and other energy-saving measures with various programs, with the public expected to be forced to share part of the burden of financing.
Aug 05 Japan's consumer affairs agency (Daily Mail)
 Japan's government said on Tuesday it would launch the country's first dedicated consumer protection agency in September to ensure food and product safety after a series of recent tainted food scandals. Ten people fell ill with pesticide poisoning last year after eating frozen dumplings from China in one of the cases that stoked public anger and accusations the government was not taking consumer safety seriously.
Aug 04 Japan yet to fall into deflation: economic minister Hayashi (AP)
 Economic and Fiscal Policy Minister Yoshimasa Hayashi said Tuesday it is too early to say that Japan has fallen into deflation despite recent record falls in the nation's key consumer price index. "It would be premature to say that Japan is in deflation at this stage," Hayashi told reporters after a Cabinet meeting, pointing to a mild decline in consumer prices when excluding food and energy.
Aug 04 Japan's economy to show 4.1% growth in April-June qtr: economists (AP)
 The Japanese economy is expected to show an annualized real expansion of 4.1 percent in the April-June period, marking the first increase in five quarters on recovery in exports and the government's economic stimulus package, according to economists polled by Kyodo News. The average projection, measured by real gross domestic product, contrasts sharply with the 14.2 percent fall in the January to March quarter, the worst slump since comparable data became available in 1955.
Aug 04 Japanese civil servants set to see largest cut in bonuses (AP)
 The National Personnel Authority will soon recommend a reduction in winter bonuses for Japan's national civil servants, which is likely to lead to the largest contraction in their annual bonuses, sources familiar with the matter said Monday. The latest step is expected to result in a cut of 0.35 month worth of salary, the largest yearly reduction since the authority recommended a cut of 0.3 month worth of salary in fiscal 1999.
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By J.S. on Aug 11, 2009
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上記広告は1ヶ月以上更新のないブログに表示されています。新しい記事を書くことで広告を消せます。